Business Commons^™

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2007, Central Bank Of Nigeria

CBN Annual Report

In 2007, the Central Bank of Nigeria (CBN) faced significant challenges in monetary management due to statutory allocations to government tiers, autonomous foreign exchange inflows, and pre-election spending. These challenges were addressed through Open Market Operations (OMO), issuance of treasury securities, standing facilities, and foreign exchange swaps. The introduction of the monetary policy rate (MPR) in December 2006 moderated inter-bank rates, encouraged trading, and improved the transmission of monetary policy actions. The Bank intensified its non-regular management activities to ensure the Policy Support Instrument (PSI) target was met. The financial system at end-2007 comprised the CBN, the Nigeria Deposit Insurance …

Christian Ministry Degree Available In Evening For Adult Students, Lindenwood University

Archived Lindenwood Press Releases

No abstract provided.

American Index Put Options Early Exercise Premium Estimation, Ako Doffou

WCBT Faculty Publications

"This paper examines empirically the value of early exercise by testing the ability of two American put valuation models to predict the early exercise premium for the S&P 100 American put options. An accuracy test and a quality test are performed on (1) the MacMillan (1986) & Barone-Adesi and Whaley (1987) model, and (2) the Carr, Jarrow and Myneni(1992) model. The test results show that early exercise premium is significant regardless of moneyness. Moreover, consistent with the theory, the value of early exercise is significantly negatively related to moneyness and interest rates and significantly positively related to time to maturity …

Implied Measures Of Relative Fund Performance, Steve Hogan, Mitch Warachka

Business Faculty Articles and Research

We evaluate the relative performance of funds by conditioning their returns on the cross-section of portfolio characteristics across fund managers. Our implied procedure circumvents the need to specify benchmark returns or peer funds. Instead, fund-specific benchmarks for measuring selection and market timing ability are constructed. This technique is robust to herding as well as window dressing and mitigates survivorship bias. Empirically, the conditional information contained in portfolio weights defined by industry sectors, assets, and geographical regions is important to the assessment of fund management. For each set of portfolio characteristics, we identify funds with success at either selecting securities or …

Presentation: Project Valuation Using Real Options: A Practitioner's Guide, Dimitrios V. Siskos

Publications

Dr. Dimitrios was Guest Speaker in the Master's degree class “Logistics” taught by Professor Dr. Dimitrios Emiris. The presentation was based on the book "Project Valuation Using Real Options" by Dr. Prasad Kodukula and Chandra Papudesu.

The Convergence Of Ifrs In China: A View On The Influence Of Political Ideology On Chinese Accounting Profession, Y. Zhang, J. Andrew, H. W. Collier

Faculty of Commerce - Papers (Archive)

A historical perspective lens may be useful to help people understand the world of accounting and accounting research. Some believe that the role that accounting plays in current society could be better understood by reviewing its historical association with the institutionalization development within which it operates. Accounting as it is practiced in capitalist system has been predominately viewed as a technical and context-free activity. However, if a meta-level concern addressing broad structural and institutional environment from which accounting emanated is absent, there must be doubt that the conventional accounting can claim to be comprehensible and to contain true information. This …

Lu To Become All Steinway School, Lindenwood University

Archived Lindenwood Press Releases

No abstract provided.

Bobby Petrino Gets Going, Richard C. Crepeau

On Sport and Society

He has been found. Call off the search. We now have the new poster boy for College Football.

Edwards & Cobb Collections (Mss 35), Manuscripts & Folklife Archives

MSS Finding Aids

Finding aid only for Manuscripts Collection 35. Account books, 1857-1858, of G.W. Edwards and T.W. Cobb, general merchants at East Fork, Metcalfe County, Kentucky.

Ada News - 12/10/2007, American Dental Association, Publishing Division

ADA News

Established in 1970 as the official newspaper of the American Dental Association, the ADA News serves practicing dentists and others allied to the dental profession in the U.S. and internationally. It is the No. 1 source of news and information about the many benefits and services the ADA delivers to members daily as well as timely information on scientific, social, political and economic developments affecting dentistry and health care.

Leaders Can Learn To Change; Some Do: A Qualitative Study, George K. Kriflik, R. Jones

Faculty of Commerce - Papers (Archive)

The behaviour of organisational subordinates is significantly affected by the attitudes and actions of their supervisor. By changing themselves, leaders can therefore have a crucial impact not only on the behaviour of their subordinates but also on the extent to which those subordinates perceive that they are achieving their organisational potential. This paper presents a conceptual model of the process through which organisational leaders can attempt to change themselves with the objective of changing the behaviour of their subordinates. Using a grounded methodology, data has been collected and analysed from a large Australian public sector bureaucracy by means of participant …

Palestinian Health Institutions: Finding A Way Forward In The Wake Of The Second Intifada, Peter E. Hilsenrath, Karan P. Singh

Eberhardt School of Business Faculty Articles

The strength of Hamas in Palestinian elections in early 2006 reshuffled the cards in the game of Middle East politics. Many astonished observers have sought an explanation for this political change. But the election result should not have been so surprising. Hamas has earned a reputation of clean governance and compassion for the poor, unlike the Fatah-led Palestinian Authority. Hamas has had a strong presence in the health sector which helped establish its legitimacy and popularity. This paper reviews bilateral and multilateral aid to Palestinians following the second intifada and argues that not enough was done by the international community …

2007-12-06, Morehead State University. Board Of Regents.

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

2007-12-06 Faculty Senate Meeting Minutes, Morehead State University. Faculty Senate.

Faculty Senate Records

Faculty Senate Meeting Minutes for December 6, 2007.

Information And Computer Technology Security: Furthering The Research Agenda, Karin Garrety, M Barrett

Faculty of Commerce - Papers (Archive)

Despite the development of advanced technical devices and procedures, the information held in computer systems remains vulnerable to attack and/or inadvertent mishandling, resulting in security breaches. Increasingly, researchers and practitioners are recognising that information security is not merely a technical issue, but is heavily influenced by social and cultural factors. This paper argues that post-cognitivist approaches to human computer interaction, which focus on situated reasoning and the contextual, relational aspects of computer-mediated activities and interactions, provide a promising set of concepts with which to explore non-technical users’ everyday security practices and beliefs. We review the limited research that has been …

Student-Centred Teaching Of Accounting To Engineering Students: Comparing Blended Learning And Traditional Approaches, A. Abraham

Faculty of Commerce - Papers (Archive)

Blended learning is growing in popularity, but there is conflicting empirical evidence in relation to how it affects students’ exam marks and final grades. This paper compares a blended learning approach to the traditional delivery of an accounting subject to engineering students. Data was collected from two cohorts of students over two semesters and analysed to determine whether the students who were exposed to the blended environment displayed increased participation in a non-compulsory learning task and higher marks in both in-session and final examinations. Results indicated significant improvements in every area, supplying valuable evidence that the adoption of a blended …

Cities Of Innovation: Exploring The Role Of Local Community Organisations In ‘Constructing Advantage’, Samuel E. Garrett-Jones, Michael Gross, Gregory Kerr, S. Kotevski, S. Zaeemdar

Faculty of Commerce - Papers (Archive)

Cities and regions around the world are attempting to ‘construct advantage’ by intervening to create knowledge- and innovation-based economic and social development. This paper considers the rationale for such intervention and in particular reviews the concept of ‘community innovation organisations’ by exploring their definition, origins, and purpose. It develops a classification of local innovation actors and their functions. We argue that the contribution of community based organisations to local innovation-based economic and social development has been largely overlooked in Australia by comparison with studies and initiatives in Europe and North America. We propose a programme of empirical research to assess …

Adr Characteristics And Performance In International And Global Indexes, Arindam Bandopadhyaya, Lal Chugh, James L. Grant

Financial Services Forum Publications

This study looks at the characteristics and performance of ADRs in international and global indexes. We find that ADRs in EAFE are tilted toward three common factors: giant cap, high dividend yield, and U.K. stocks. In terms of risk-adjusted performance, we find that ADRs provide inefficient diversification for US investors, as tradeoffs of return and risk are better with portfolio combinations of the S&P500 and the S&P Global 700, as compared with portfolio combinations of the S&P500 and an ADR breakout of the Global 700. Our findings on ADR characteristics are consistent with prior research, while our performance findings are …

Bargaining Rationale For Cooperative Generic Advertising, Jennifer S. James

Agribusiness

The beggar-thy-neighbour aspect of commodity advertising means that benefits to one commodity from advertising come at the expense of other commodities. The effect can be mitigated by cooperation among groups as shown by Alston, Freebairn and James (AFJ). A drawback to AFJ’s analysis is that some cooperative outcomes require side payments from one producer group to another. This paper offers a bargaining solution as an alternative to cooperation in the case where cooperative side payments would be needed. We show that while bargaining without side payments is not as effective as cooperation at reducing beggar-thy-neighbour effects, it is a welfare …

Distance Learning In Accounting Courses From The Student's Perspective (1999-2006), James P. Beaghan

All Faculty Scholarship for the College of Business

Universities throughout the nation are faced wiih the reality of an increase in demand from place-bound, adult working students who live and work in locations that may be hundreds of miles from traditional college campuses, and require a less centralized mode of course instruction. At the same time technological advances are now available that provide universities with a wide range of instructional modes of instruction that include interactive television (ITV) with real time audio and visual at a number of decentralized classroom sites, live and remote. Distance learning/distance education (DE) technologies currently allow an instructor to deliver university course instruction …

December 2007, Inland Empire Business Journal

Inland Empire Business Journal

OPINION: A FOWARD - THINKING ( BUT OVERDUE ) HIGHWAY PLAN 5

WOMEN AND FINANCE - A LIKELY PAIRING 8

WHY ISN’T MY BUSINESS MAKING MONEY 10

GIVING BACK TO YOUR COMMUNITY IS A GOOD WAY TO BUILD BUSINESS 13

THE VALUE OF MENTORS 26

APARTMENT RESEARCH MARKET UPDAE 34

What Makes For Effective Labor Representation On Pension Boards?, Johanna Weststar, Anil Verma

Management and Organizational Studies Publications

This article examines the efficacy of labor representation on pension boards. Using existing literature and interviews with labor trustees, this article develops a model where a more formal approach to recruitment and selection, skill acquisition, and accountability is hypothesized to aid labor trustees in achieving effective integration and representation on pension boards. Data indicate that labor trustees are placed in a challenging environment with insufficient support from their union, other trustees, or the board. These findings have important implications for the selection, training, and integration of labor trustees and the success of a labor agenda on pension issues.

Corporate Governance: The Revival Of An Academic, Professional, And Policy Field, Juan P. Artero

McGannon Center Working Paper Series

This paper explores the basic concepts of corporate governance in relation to its intellectual foundations and historical development. The basic assumption relies on the fact that the reinforcement of corporate governance as an academic, professional, and policy field is a consequence of the many corporate failures that have occurred in recent years, mainly since 2002. Most theoretical developments for this new moment in history have been borrowed from the same academics and practitioners that reflected and worked on the field after the 1929 economic crash, with deep origin on general social scientific research. In addition, corporate governance is growing as …

Inter-Firm Networks And Innovation: The Difference Between The Horizontal And Vertical Type, Yanli Zhang

Department of Management Faculty Scholarship and Creative Works

The literature has long recognized the important role that the closed kind of Japanese business group network has played in the innovative strengths of Japanese firms, yet at the same time the constraint that this type of network places upon the firms' technological connections to the rest of the world. In this article, this phenomenon is revisited taking into account the critical difference between two types of business group networks: the horizontal type and the vertical type. Using data on the US patents granted to the largest Japanese industrial firms, the results show that there are important differences between the …

Risk And Recovery, John Austin, Chris Decker, Tom Doering, Ernie Gross, Bruce Johnson, Lisa Johnson, Ken Lemke, Franz Schwarz, Scott Strain, Eric Thompson, Keith Turner

Business in Nebraska

The crisis in the housing and financial sectors has led to a dramatic slowdown in U.S. economic growth. Fourth quarter GDP growth and job growth are expected to be anemic and the economy may fall into recession in 2008. Indeed, several of the dozen members of the Nebraska Business Forecast Council do believe that the U.S. economy will likely slip into recession during 2008. However, the overall consensus of the Council is that the U.S. economy will avoid a recession. Economic growth will be slow in the first three quarters of 2008 before recovering in late 2008 and 2009.

The …

Base Realignment And Closure Impact On Industry In El Paso, Tx And Doña Ana, Nm: Workforce Growth, Training Needs And Access To Federal Government Contracts, Carlos Olmedo, Dennis L. Soden, Daniel J. Quiñones, Elizabeth K. Gibson, Dannette De Leon, Michael F. Vargas

IPED Technical Reports

No abstract provided.

Building Workplace Trust In Some Cultures Is To Blur The Line Between Professional And Personal Life, Knowledge@Smu

Knowledge@SMU

In China and Turkey, the separation between work and personal life is not so clear cut as compared with western societies, according to a joint study by Singapore Management University professor of organisational behaviour Tan Hwee Hoon, and management professors S. Arzu Wasti and Selin Eser of Sabanci University in Turkey. The main purpose of their research was to provide insights into the impact that different cultures have on trust in the workplace.

Marketing On A Shoestring In Not-For-Profits: No Pain No Gain, Knowledge@Smu

Knowledge@SMU

Sarah Mavrinac is the founder and president of not-for-profit financial education organisation, aidha, which started operations in January 2007 in Singapore. aidha offers training courses to women migrant workers, in particular those in domestic service. Mavrinac delivered a talk recently on “Marketing on a Shoestring -- The Challenge of Not-for-Profit Outreach", organised by the Centre for Marketing Excellence of the Lee Kong Chian School of Business, Singapore Management University.

Making Great People Decisions Is The Toughest Business Challenge Say Top Executives, Knowledge@Smu

Knowledge@SMU

Where great people decisions are concerned, the right person in a leadership position can take an organisation to greater heights, but the wrong candidate can steer a path to disaster. Founding leader of global search firm Egon Zehnder International, Claudio Fernandez-Araoz, introduced his new book, Great People Decisions, recently at a Singapore Management University Distinguished Public Lecture, followed by a panel discussion featuring top executives in Singapore.

Inside Unlv, Shane Bevell, David Ashley, Tony Allen, Mamie Peers, Allison Miller

Inside UNLV

No abstract provided.